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To provide more information. "Netting out" items such as gross sales against returns and discounts hides information that may be desirable. For example, if no allowance for returns is being recorded, then the so called net sales figure is probably overstated, but this can not be determined if sales are presented at net.
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Gross sales price vs net sales price?
Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.
What is Net Selling Price?
The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.
How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
What is primary sales?
stock which fore price company to distributor is call primary sales
What is formula of food cost calculation?
Cost of goods less inventory divided by Gross Food Sales
